Truvestments Capital LLC Sells 895 Shares of Oracle Co. (NYSE:ORCL)

Truvestments Capital LLC cut its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,438 shares of the enterprise software provider’s stock after selling 895 shares during the quarter. Oracle makes up 0.8% of Truvestments Capital LLC’s portfolio, making the stock its 25th largest position. Truvestments Capital LLC’s holdings in Oracle were worth $3,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new stake in shares of Oracle in the 4th quarter valued at about $262,000. Farther Finance Advisors LLC raised its holdings in shares of Oracle by 15.7% in the 4th quarter. Farther Finance Advisors LLC now owns 48,654 shares of the enterprise software provider’s stock valued at $8,108,000 after purchasing an additional 6,588 shares during the period. Hollencrest Capital Management raised its holdings in shares of Oracle by 4.2% in the 4th quarter. Hollencrest Capital Management now owns 6,565 shares of the enterprise software provider’s stock valued at $1,094,000 after purchasing an additional 264 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Oracle by 3.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 14,727 shares of the enterprise software provider’s stock valued at $2,454,000 after purchasing an additional 426 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in Oracle by 0.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 211,889 shares of the enterprise software provider’s stock valued at $35,309,000 after buying an additional 1,527 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus decreased their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday. Finally, Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.92.

Oracle Stock Performance

NYSE:ORCL opened at $144.29 on Wednesday. The stock’s 50-day simple moving average is $166.82 and its 200 day simple moving average is $169.62. The firm has a market capitalization of $403.58 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.41 earnings per share. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.